The Globe and Mail reports in its Saturday edition that Economy Minister Ildefonso Guajardo says Mexico must be ready to respond immediately with its own tax measures if the incoming administration of U.S. president-elect Donald Trump imposes a border tax. A Reuters dispatch to The Globe reports that on Friday Mr. Guajardo warned such protectionism may trigger a global recession. Mr. Trump has promised a "major border tax" on companies that shift jobs outside the United States. Such a measure could hobble Mexico's exports to its top trading partner. Mr. Guajardo wants to take "fiscal action that clearly neutralizes" the proposed tax. He said the tax "would have a wave of impacts that could take us into a global recession." Nonetheless, the minister said he expected foreign direct investment in Mexico this year to total about $25-billion (U.S.), with investment in the energy and telecommunications sectors expected to more than make up for the loss of a planned $1.6-billion (U.S.) Ford Motor factory that the company said this month it is cancelling. Mexico slapped a tax on U.S. high-fructose corn syrup in the early 2000s after the U.S. refused to allow free trade in Mexican sugar.